There will be no sale - at least in terms of sale of assets since there are no assets. People keep talking about the patents and IP, but those are all held as security for the lenders to whom RIM is in default. Those lenders, having title to the patents and IP, may try to sell them, but given the fact that no working product was ever produced, I think it is a fair assessment to say that they have no technical merit and are worthless. Even if they had some value, shareholders wouldn't see the first cent, since RIM and it's shareholders have no claim to the title to the patents.
I don't see anyone buying the shell either. There is too much debt associated with it. While the shell can be bought for a mere $400,000, that shell comes with total liabilities of nearly $8 million. Nobody is going to assume $8 million in liability for a shell with no assets whatsoever. Even if the liabilities could be settled for 10 cents on the dollar, you're still talking about $1.2 million for a worthless shell. Ain't gonna happen.
RIM will be delisted soon, and will file for bankruptcy soon too. The company will die a quiet death, and Ray and Brad will retire on the money that they stole from you. The SEC might pick up the gauntlet, and with any luck, Ray, Brad and people like Hightower will be stripped of their gains and maybe even do time, but I doubt it. Right now, the SEC has much bigger fish to fry.
AI
